Unit cost of inventory item is Zero

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Posted on by Community Member Microsoft Employee

We generate some invoices and found that unit cost of items is zero in the sales transaction entry. I wnt to the smartlist>purchasing>receiving line items and searched the item but this item was never received. I went to the inventory>inquiry and inquired Qty on hand was 40, 15 were allocated and 25 was available. but standard cost and current cost iz zero.

I realized that at the time of entering opening balances and opening inventory qty someone may be forgot to enter the unit cost.

Now I want to give the cost to that specific item. How can it assign a unit cost so that it could be picked up and shown in invoice.

Below is the image of invoice

Below is the image of inventory inquiry window

Below is the image of smartlist

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Community Member Microsoft Employee on at

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RE: Unit cost of inventory item is Zero

As a follow up question, is there any configuration in GP that will force the Sale Invoice entry to require unit cost value to be greater than 0? Thanks
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Ian Grieve 22,782 on at

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RE: Unit cost of inventory item is Zero

When you are using an Averaging valuation method you need to manage your standard costs. Tim's suggestion is a good starting point.
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Tim Wappat 5,703 on at

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RE: Unit cost of inventory item is Zero

Have a look at the tool Tools> Utilities>Inventory>Change Item Standard Cost

Press F1 on that form to get more info.

Tim.